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Views: 16 DOM: 18 Updated: 05.01.24 Posted: 05.01.24 Status: Active

Summary

Price $1,212,423
Built/Renov 2016
Tenant Dollar General
Cap Rate 7.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 9,026
Lease Start 05-01-2016
#Units 19,986
Price/SF $134.33
Expiration 05-31-2031
Tenant Type Dollar/Discount
NOI $86,083
R. Term 7.0
Ownership Fee Simple
Rent/SF $9.54
Increases 10.0%/7/yrs
Pop 5Mi 6,671
Lot/AC 1.36
Options 5/5yrs/10%
AHHI 5Mi $80,207

Lease Highlights

  • Dollar General has 7 years remaining on the current lease term with 5 (5-year) options to extend
  • The lease features 10% rental escalations at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located on South Main Street, with access to 7,500 vehicles passing by daily. The property is easily accessible via Interstate-81, which sees a robust daily traffic count of 48,000 vehicles. Surrounding the property are well-known national tenants, including Taco Bell, Food Lion, Lowe's, Walmart, Dunkin', and more. Additionally, in the vicinity is Shenandoah...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 937 3,626 7,060
2023 Total Population : 941 3,639 7,015
2023 Employed Civilian Pop : 528 2,025 3,752
2023 Total Businesses : 18 91 230
2023 Average Household Income : $ 84,217 $ 82,338 $ 80,856
2023 Total Consumer Spending : $ 26 M $ 103 M $ 198 M
2023 Median Age : 47 48 47
2023 Total Households : 368 1,452 2,836
2023 Pop Age 25+: Bachelor's Degree : 50 204 600
2023 Average Home Value : $ 308,923 $ 307,692 $ 328,422
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Brook Creek Road Southbrook Ln 2020 840 0.24 mi
Brook Creek Road Country Brook Rd 2021 910 0.24 mi
East Creek Road Miller Dr 2021 300 0.29 mi
SR T-1501 Old Valley Pike 2020 80 0.30 mi
Main St E Creek Rd 2016 7,500 0.32 mi
Main Street E Creek Rd 2021 7,500 0.34 mi
SR 740 Heishmans Park 2020 80 0.42 mi
Main St Toll House Rd 2016 7,500 0.43 mi
SR 650 Creek Rd 2020 40 0.64 mi
Old Valley Pike PkLn 2021 7,500 0.73 mi

Listing Broker

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